NetSuite is #4 in Top 10 Online ERP software

Positions in ratings

#4 in Top 10 Online ERP software

Alternatives

The best alternatives to NetSuite are: QuickBooks, Sage, Xero, SAP ERP, Salesforce, Microsoft Dynamics 365, Oracle ERP, Odoo, Workday

Latest news about NetSuite

2016. Oracle buys cloud ERP provider NetSuite for $9.3B


Oracle has announced its acquisition of NetSuite for an estimated amount of $9.3 billion. As per a statement by Oracle CEO Mark Hurd, both Oracle and NetSuite's cloud service offerings, targeting enterprise customers, will continue to operate and coexist in the marketplace indefinitely. NetSuite, an established player in the cloud enterprise resource planning (ERP) sector, holds a prominent position with its offerings for supply and demand tracking, inventory management, accounting, customer relationship management (CRM), and HR solutions. The ERP industry has witnessed considerable mergers and acquisitions along with consolidation in recent years. Oracle, known for its aggressive acquisition strategy, has been actively acquiring smaller companies throughout 2016, including Opower and Textura.

2010. NetSuite fights hairballs. But makes one with Google Apps



NetSuite marketing team is well known for its sense of humor. But before their humor was mainly inspired by SAP and its "stealth" launch of SaaS solution SAP Business ByDesign (that let NetSuite make its business). By the way, it's interesting that actually NetSuite drives away Oracle's customers as well as SAP's, but with respect to Oracle, the NetSuite marketers behave much more modest, because the Oracle CEO, Larry Ellison in co-owner of NetSuite. But let's go back to hairballs. What is it? According to NetSuite, the hairball - is a thing that happens when a company deploys disparate IT systems and then tries to integrate them. The conclusion is simple - use NetSuite, where everything is natively integrated. In addition to funny video NetSuite unveiled the updated system interface and seamless integration with Google Apps: ***


2009. Netsuite invented Social ERP



Netsuite has already missed the opportunity to use the Social CRM buzz. Salesforce and some other CRM vendors have already unveiled social features and launched the marketing promotions. But Netsuite has all chances to become the first to offer Social ERP. Today Netsuite and InsideView announced about the new partnership in order to create the Social ERP. But why do we need this social ERP software? Everything was clear with social CRM: salesperson needs to monitor customers and leads in the social networks in order to involve into the discussions and sell something. But why ERP, that  is intended for resources accounting and planning, needs the similar features? Netsuite has found some answers to this question. ***


2009. Netsuite connects to SAP

Netsuite has unveiled OneWorld for SAP, a new product that provides SAP customers with the advantages of divisional Software as a Service (SaaS) while consolidating divisional data for aggregate reporting purposes. This solution empowers large enterprises to maintain their existing investments in legacy business applications while implementing a modern, web-based suite of business applications, resulting in cost reduction and increased competitiveness and productivity for their divisions. Netsuite aims to address the needs of multinational corporations by offering a flexible and functional solution that can be rapidly and cost-effectively deployed to business divisions. The company aims to provide software systems that are more adaptable, customizable, and flexible than those offered by the corporate parent company. At the core of this offering is SuiteCloud Connect for SAP, a product and service offering that bridges the gap between Netsuite data and SAP reporting. It enables the aggregation of data such as general ledgers and revenue information into SAP for consolidated reporting purposes.


2009. Netsuite created SuiteCloud Connect for Salesforce.com

NetSuite has announced a collaboration with third-party developers to introduce connectors that integrate its SuiteCloud suite with Salesforce.com CRM apps. These connectors enable users to seamlessly incorporate NetSuite applications into their collection of software as a service (SaaS) applications. SuiteCloud Connect comprises a range of integration applications that combine Salesforce.com's salesforce automation and customer relationship management software with NetSuite's online ERP suite. By establishing this connection, NetSuite aims to facilitate best-of-breed SaaS deployments. The integration with Salesforce.com is a logical step for NetSuite, as Salesforce.com boasts higher annual revenue and a larger user base. By reaching out to an audience already familiar with SaaS solutions, NetSuite expects to attract more customers to its platform.


2009. NetSuite delving into cloud computing

NetSuite, a provider of on-demand enterprise software services, is expanding its offerings to include cloud computing through its new service called SuiteCloud. In addition to hosting enterprise software on demand, NetSuite now allows customers to leverage cloud infrastructure for their IT needs. As part of its SuiteCloud Ecosystem, NetSuite is introducing a developer program called SuiteCloud Developer Network and an online marketplace for cloud computing applications called SuiteApp.com. The SuiteCloud platform is built on NetSuite's core enterprise resource management (ERP) software, along with its customer relationship management (CRM) and e-commerce solutions.


2009. NetSuite Created Online ERP for Retailers

NetSuite, a leading provider of on-demand ERP suites, is targeting North American retailers with its latest software suite designed for multi-channel businesses. The Multi-Channel Retail Management Suite offers a range of features to streamline operations, including the creation of web stores that seamlessly connect with physical retail locations. The suite provides a unified view of inventory, accounting, customer information, and package tracking, while also offering integration with eBay. Additional capabilities include marketing campaign tools, such as a "shopping cart abandonment" feature that enables businesses to send customers coupons for items left in their online shopping cart. Pricing for the suite varies based on the specific configuration requirements of each customer, according to the company.


2009. NetSuite boosts sales of OneWorld all-in-one business SaaS offering

NetSuite, a Business SaaS vendor, has announced several customer wins in the region for its integrated OneWorld SaaS offering, which combines accounting, ERP, CRM, and eCommerce functions. One of the new customers is Campus Living Villages, an Australian company that builds and operates student accommodations on campuses worldwide. NetSuite's OneWorld, launched in 2008, is recognized as the first on-demand system to provide real-time subsidiary management and business consolidation capabilities for mid-market companies, delivering them at a lower cost compared to traditional on-premise ERP solutions. The ability of OneWorld to offer local controls within each subsidiary while ensuring global visibility was a significant factor in winning the contract with Campus Living Villages. NetSuite aims to expand its market presence by appointing additional channel partners, particularly those capable of integrating its products with unified communications solutions. The integration of business applications and unified communication products and services is identified as a growth market by industry leaders like Avaya, Nortel, Cisco, and NEC.


2008. NetSuite's SaaS soln for SMBs

Proquest Solutions Pvt Ltd, the leading On-Demand solution provider in India, has introduced a special low-cost solution for small and medium-sized businesses (SMBs) during the economic slowdown. The solution offers NetSuite's integrated ERP, CRM, and E-commerce software starting at $6,000 for a 5-user pack, available for a limited time. NetSuite Inc., founded in 1998, provides on-demand business management software suites for midsize companies, allowing them to manage various operations in a single hosted system. Proquest Solutions aims to address the challenges faced by Indian SMBs in uncertain economic times, offering a Software as a Service (SaaS) solution like NetSuite at an affordable price point, enabling a stronger return on investment (ROI). The localized NetSuite product meets Indian statutory requirements, bridging the gap for existing clients. With over 2,000 subscribed licensed users of NetSuite in India and growing, the success of the product and SaaS model is evident. As the SaaS market in Asia is projected to reach $1.16 billion by 2010, Proquest Solutions believes Indian businesses are interested in SaaS due to its cost-effectiveness, "anytime, anywhere" access, and efficiency in managing various business operations. This allows cost-conscious companies to experience rapid growth while reducing their total-cost-of-ownership for business systems.


2008. HP and NetSuite to Deliver Cloud Computing Solutions to Small and Midsize Business Market

HP and NetSuite have announced a partnership to provide software as a service (SaaS) business applications to the small and midsize business (SMB) market. The collaboration allows HP's network of 15,000 value-added resellers (VARs) in the United States to offer cloud services to SMB customers. With a focus on addressing the challenges faced by SMBs, such as limited resources and return on investment pressures, the partnership aims to deliver an affordable and easy-to-implement business management solution. NetSuite's comprehensive suite of cloud-based services, covering customer relationship management, accounting, enterprise resource planning, and ecommerce, combined with HP's infrastructure technology and strong channel network, offers SMBs a reliable alternative to on-premise solutions. The partnership also includes a referral-based program for HP channel partners, enabling them to provide value-added management and implementation services related to NetSuite's software offerings as part of HP's Total Care portfolio. The collaboration between HP and NetSuite demonstrates the growing role of the channel in delivering cloud computing solutions and supports SMBs with high-performance hardware and scalable services. The partnership aims to cater to SMBs' evolving needs and budgets by offering a mix of on-premise and hosted solutions. Dedicated resources and support from NetSuite are available for HP resellers, ensuring a seamless integration and enhanced market penetration.


2008. NetSuite Goes After SAP – But Where is Business ByDesign?

We recently covered NetSuite's challenge to Salesforce.com with their Renewforce program, but now they are setting their sights on a bigger target: SAP, the leader in Enterprise Software. NetSuite's new program, Business ByNetSuite, guarantees at least a 50% cost reduction for current SAP R/3 customers in comparison to the annual maintenance fees they currently pay. NetSuite emphasizes that this is not a direct price-to-price comparison, as with the perpetual license model of traditional software, customers pay upfront and continue to pay annual maintenance fees. In contrast, NetSuite's SaaS model only involves a subscription fee, which can be half the cost of the maintenance component of traditional software's total cost of ownership. NetSuite's timing is strategic, as SAP recently increased maintenance fees during the economic downturn. NetSuite has already showcased a successful conversion from SAP to their system, although they acknowledge that they cannot replace SAP entirely, as they primarily cater to small to midsize businesses, while SAP serves large corporations. NetSuite's offer is targeted at handling smaller divisions of large companies that may have adopted SAP R/3 as a result of acquisition. NetSuite also offers NetSuite-to-SAP connectors for enterprise reporting. Although SAP has their own SaaS offering called Business ByDesign, which analysts acknowledge as functionally complete and reasonably priced, there are potential execution problems and confusion with SAP's other offerings, such as Business One and Business All-in-One. SAP faces the challenge of entering the SaaS market without cannibalizing their on-premise software market. NetSuite is seizing the opportunity presented by SAP's positioning dilemma and capitalizing on SAP's blunders.


2008. NetSuite Intros New On-Demand Enterprise Application for Services Resource Planning

NetSuite, a leading vendor of integrated business management software and CRM solutions, has recently launched NetSuite SRP, an on-demand enterprise application for managing professional services businesses. With the integration of OpenAir's services automation software, NetSuite SRP offers comprehensive functionalities such as project management, marketing management, service delivery, billing, revenue management, and driving repeat business. This move comes in response to the growing market demand for automation in project-based businesses. NetSuite SRP provides benefits like reduced total cost of ownership, real-time visibility, customized business processes, metrics-driven process management, enterprise scalability, and global support. By leveraging the power of Software-as-a-Service (SaaS), NetSuite SRP enables tailored solutions for the services industry, eliminating the need for hardware and reducing IT costs. The seamless integration between NetSuite and OpenAir ensures data flow across departments, eliminating redundant data entry and increasing productivity. Organizations can also leverage NetSuite SRP's customizable features, dashboard analytics, and round-the-clock customer support to make informed decisions and streamline operations. The success story of Imaging Solutions Inc. (ISI), which achieved enhanced productivity, increased employee utilization, improved corporate image, and strengthened customer relationships through NetSuite and OpenAir, exemplifies the effectiveness of NetSuite SRP.


2008. NetSuite, Zoho post app suite gains

Today, two on-demand business software companies announced increased adoption of their suites. NetSuite revealed a 43 percent growth in revenue for the second quarter of 2008, reaching $36.6 million. The company also acquired new customers for its ERP and CRM suites, including Intuitive Surgical, Nestle UK, and Wasserman Media Group. These companies chose NetSuite's web-based applications for their various business needs. On the other hand, Zoho, a provider of business software-as-a-service for small and midsize companies, celebrated reaching 1 million sign-ups for its services. Out of those, approximately 300,000 to 350,000 users continue to log in monthly. Raju Vegesna, representative of Zoho, believes that their adoption rate is roughly one-third of that of Google Apps, excluding individual or personal use of Google Docs. These success stories, combined with Salesforce.com's strong performance, continue to challenge traditional software distribution models relied upon by Microsoft and other established software companies.


2007. NetSuite files for IPO

NetSuite, an on-demand applications company controlled by Larry Ellison of Oracle, has submitted a filing with the U.S. Securities and Exchange Commission (SEC) to initiate an auction-style initial public offering (IPO). The company seeks to raise $75 million through the offering, and it is presently under the control of Tako Ventures, a wholly owned subsidiary of Lawrence Investments, which is in turn owned by Larry Ellison. Ellison's affiliates and family members currently hold a 74 percent stake in the company, raising concerns about potential investor enthusiasm due to the ongoing control. With Ellison's controlling interest, the possibility of a future buyout of NetSuite may be limited, even if it is deemed beneficial by the management and other investors. Furthermore, a controlling interest of 50 percent or more exempts NetSuite from certain corporate governance standards imposed by Nasdaq and the New York Stock Exchange. However, the timing seems favorable for an IPO, as the second quarter has seen a significant number of offerings, particularly in the tech sector. NetSuite provides hosted customer relationship management (CRM) software, competing directly with Salesforce.com, and also offers enterprise resource planning (ERP) software and e-commerce solutions. Although the company experienced substantial revenue growth, generating $67.2 million in 2006 (an 84.6 percent increase from the previous year) and $23.2 million in the quarter ending March 31, it has a history of losses, with a net loss of $23.4 million in 2006 and $3.7 million in the March quarter. As of the March quarter, NetSuite's accumulated deficit stands at $193 million. While the details of the IPO, such as the number of shares and price range, are yet to be determined, the proceeds will be utilized for working capital and to repay the outstanding balance on the company's $20 million secured line of credit with Tako Ventures. Additionally, NetSuite has engaged in some deals with Oracle, including a $2.5 million perpetual license agreement in 2005 and a software exchange with Oracle Racing for marketing and promotion purposes.


2005. NetSuite revamps hosted tools

NetSuite, a hosted-applications provider, unveiled the latest version of its online business automation and customer relationship management (CRM) tools on Thursday. Known as NetSuite 10.6, this release offers significant upgrades in various areas, including browser-based dashboard controls, system customization capabilities, and tighter integration with Microsoft's Office suite. NetSuite, based in San Mateo, California, follows a software as a service (SaaS) model, charging customers a fee to access its applications online. While competing with other SaaS providers like Salesforce.com, NetSuite also faces competition from traditional enterprise software companies such as SAP and Siebel Systems, who are also entering the hosted-applications space. NetSuite's Chief Technology Officer highlighted the addition of powerful browser controls, leveraging AJAX technology to improve user experience by enabling faster and more efficient data processing. NetSuite also emphasized enhanced customization features and strengthened integration with Microsoft products, targeting small and medium-sized businesses as their core audience. The executive expressed confidence in NetSuite's ability to serve these customers effectively and suggested that SAP may struggle to replicate their level of maturity and ease of use in their offerings for smaller businesses.


2005. NetSuite's CEO chides slow Microsoft

According to NetSuite CEO Zach Nelson, Microsoft's entry into the on-demand CRM software sector is not a concern for his company, and he believes that until established players like Siebel are overthrown, they remain friendly rivals. Nelson acknowledges the success of competitors like Salesforce.com and RightNow in the on-demand CRM market and believes there is enough room for all three companies to thrive. He suggests that other vendors are too far behind to enter the market, emphasizing that NetSuite, RightNow, and Salesforce.com were all founded in 1998 and have successfully navigated challenges to emerge as leaders. Nelson doubts Microsoft's ability to quickly catch up, stating that even with their financial resources, they will need to build their own solution rather than acquire established players. Nelson also dismisses the idea of NetSuite being sold to Microsoft, considering major shareholder Larry Ellison's stance. He is skeptical about Microsoft's timeline for building a competitive CRM product and expresses uncertainty about where the market will be in 2012. Nelson views Siebel as a struggling company and believes few firms would consider acquiring it, while he has doubts about the product offerings from SAP.


2004. NetSuite updates customer management tools

 NetSuite, a leading provider of hosted customer relationship management software, has announced the upcoming launch of an enhanced version of its services that aims to empower users with more robust data sorting capabilities. With NetSuite 10.0, businesses will gain access to advanced analysis tools designed to predict customer information based on existing data. The California-based "software as a service" company, headquartered in San Mateo, believes that many standalone CRM systems have fallen short in providing genuine insights into customer behavior. In contrast, NetSuite contends that its integrated approach, facilitated by a unified architecture, allows for the seamless integration of data from multiple applications. This cohesive structure enables the management of CRM, enterprise resource planning (ERP), and e-commerce processes within a single database. Additionally, while NetSuite offers its applications as a comprehensive package, the company also provides the option to purchase its CRM and ERP products individually, catering to diverse business needs.


2004. NetSuite drafts lead sales execs

NetSuite, a software-as-a-service (SaaS) company, announced on Wednesday that it has recruited two executives to lead its sales division. Michael Williams, previously in charge of sales at Exodus Communications, has been appointed as the senior vice president of worldwide sales. Additionally, James Ramsey, a seasoned sales professional from Oracle, has joined as the vice president of small- and midsize-business sales. NetSuite, originally known as NetLedger, was established in 1999 and offers hosted business management applications, including accounting and customer service software, on a subscription basis. With its strong ties to Oracle, the company's product lineup includes Oracle Small Business Suite, and Oracle CEO Larry Ellison holds a majority stake in the company.